Financial and Tax Accounting for S Corporations and Partnerships
Tuesday, April 22, 2025
8 a.m.-4 p.m. Central
8 CPE (8 technical)
Course code: 25WX-0278
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This program compares and contrasts the financial and tax accounting differences of partnerships, LLCs, and S Corporations, as well as discuss the tax accounting for these entities. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Major subjects
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Review the Accounting Standards Codification, OCBOA/Special Purpose Frameworks, and AICPA financial reporting framework and their application to partnerships, LLCs and S Corporations
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Financial accounting issues arising from changes in ownership
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Financial vs. tax accounting for partnership/LLC capital accounts
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Section 704(b) substantial economic effect rules and their relation to financial accounting
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The integration of financial accounting with Forms 1065 and 1120S
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Financial accounting basis for ownership interests vs. tax accounting basis for ownership interests
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Deferred tax accounting for partnerships/LLCs and S Corporations
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Financial accounting for the operations of a partnership/LLC
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Financial accounting impact of the C to S election and the S to C election
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Financial and tax accounting for S Corporation shareholder equity and partner capital accounts
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Financial vs. tax accounting for loans to and from S Corporations and their shareholders
Learning objectives
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Distinguish the financial accounting and tax aspect of S Corporation and partnerships with special emphasis on accounting for capital accounts
Who should take this program?
- CPAs working with partnerships and LLCs and members in business and industry seeking to keep their knowledge current.
Pricing
|
Standard Member Fee |
$239.00
|
 Standard Nonmember Fee |
$239.00
|
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